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DEDICATED
TO A CLEAN ENERGY FUTURE

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CHRIS BAILEY
Partner

Chris has been an innovator in structured finance for solar energy since 2007, leading and building entrepreneurial teams to underwrite M&A transactions and develop financial products across complex public and private equity financings.  Chris led capital markets at TerraForm Power, where he was responsible for raising over $3 billion associated with the IPO and follow on transactions. Prior to TerraForm, Chris led SunEdison’s North America structured finance activities where he oversaw over $5 billion of innovative project financings. Chris was later a co-founder and CFO of PowerScout, an AI-enabled marketplace allowing homeowners to make smart purchase decisions around sustainable energy products.  Chris has a B.S. in Policy Analysis and Management from Cornell University and an M.B.A. from the University of Chicago.

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RYAN BENNETT
Partner

Ryan has 20 years of experience in solar, wind, energy efficiency and battery storage development and investing. Prior to founding 38 Degrees North, Ryan led project finance and capital formation for SunEdison's North American region with responsibility for over $2 billion of financings. Prior to SunEdison, Ryan held various development and investing positions in wind energy with Enron Wind which was later sold to General Electric; Greenrock Capital, an early investor in solar assets; and Fotowatio Renewable Ventures, a utility scale solar project developer. Ryan has a B.A. in Geology from Colorado College and an M.B.A. and M.E.M. from Yale University.

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JAKE CARNEY
Partner

Jake has been an energy and finance professional since 2007.  He was previously the Director and Head of C&I structured finance at SunEdison where he led approximately $650 million in C&I and $250 million in residential project financings. Prior to his time at SunEdison, Jake held roles in structured finance and project development in the wholesale and C&I market segments at BrightSource Energy, Agile Energy and Tioga Energy.  Prior to his time in solar, Jake worked at Accenture as a management consultant to electric utilities and oil and gas companies. Jake has a B.A. from Middlebury College and an M.B.A. from UC Berkeley Haas School of Business.

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TIM
LUTHIN

Investment Associate

Prior to joining 38 Degrees North, Tim was an Associate at Morgan Stanley in both the Equity Research and Investment Banking Division, focusing on public and private capital raises and M&A in the energy and healthcare sectors. Tim holds a B.A. in Human Biology and an M.S. in Earth Systems with a focus on renewable energy finance, both from Stanford University. While at Stanford, Tim was the Head TA of the Earth Systems Program and conducted biogeochemical research on kelp forests to better understand their potential as a carbon sink.

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RYAN 
MACDONALD

Investment Associate

Prior to joining 38 Degrees North, Ryan was an Associate at Silicon Valley Bank on both the Venture Debt Credit Solutions and the Project Finance teams. On the Project Finance team, Ryan focused on financing utility scale, residential, and community solar transactions, and participated in financing approximately 1.5GW of transactions. Before joining Silicon Valley Bank, Ryan graduated from the University of Denver honors program as a double major in Finance / International Business with a distinction in Finance, for which he completed a capstone thesis on entrepreneurship.

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VICTORIA 
WALDO

Investment Associate

Victoria has extensive experience executing tax equity and sponsor investments in community solar programs in the New York, Illinois, and Maryland markets. Prior to joining 38 Degrees North, Victoria worked with Summit Ridge Energy on their project finance team where she was involved in the sponsor and tax equity financings of over 40MW of IL and MD community solar projects and helped manage the construction and development of those projects.  Victoria graduated magna cum laude from the Villanova School of Business with a degree in Finance and minor in Sustainability.

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LARA 
YOUNES

Investment Associate

With over six years of international and private sector experience in clean energy policy and finance, Lara’s geographical footprint in the industry spreads across the Americas, the Middle East and Africa. Lara started her career with the International Renewable Energy Agency and worked with leading renewables IPPs such as ReNew Power and Enel Green Power. Prior to joining 38 Degrees North, she worked with X-Elio, an international utility-scale solar PV developer, focusing on US transactions. Lara holds a master’s degree in Global Energy Management and Policy from Columbia University and speaks five languages.